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Dec 2, 2012
12/12
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this is about state taxes and personal income taxes. >> i'm a regular guy. i got a family, couple of kids, i live in middle america anywhere. this fiscal cliff, if we go over it, what's going to happen to me? >> first of all, the way you sell your house has to do with capital gains. the value of your house might fall. income taxes go up, the entire economy, markets are going to worry whether the government can lead. >> i don't have any stocks. i don't care about the market. what does it mean to me, john doe. >> your tax goes up. moyer payroll taxes. >> pay rowe taxes are go up anyway obamacare kicks in and we're going to have a reduction on social security taxes. that's going to happen anyway. that's not the real issue at stake here. what we have going on with the country -- the politicians tearing each other apart or fighting as usuals is really over mastery, and this last few days is critical. what happened is the republicans want to step into the trap set for them by the democrats, which is, as the spider said to the fly, step into my parlor. and the repu
this is about state taxes and personal income taxes. >> i'm a regular guy. i got a family, couple of kids, i live in middle america anywhere. this fiscal cliff, if we go over it, what's going to happen to me? >> first of all, the way you sell your house has to do with capital gains. the value of your house might fall. income taxes go up, the entire economy, markets are going to worry whether the government can lead. >> i don't have any stocks. i don't care about the market....
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Nov 29, 2012
11/12
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it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a b
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense...
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Nov 29, 2012
11/12
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i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we were to lower rates, for example, you could lower the top rate from 35 to 33 and actually get more revenue and get rid of some more deductions at the same time. but i'm not going to vote to bring more revenue to washington. i want less money coming to washington, less money spent up here. and that is how you get the economy to grow. we're not going to have more economic growth. if we send more money to washington, we'll have less economic growth. >> if all the republicans hold firm to that position, you just spelled out in significant detail, there is not going to be a deal, you know, between now and december 3
i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we...
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Nov 28, 2012
11/12
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>> tax rates going up, having tax rates go up is not wise for the economy. that we have put on the table in our past two budgets are to address tax revenues having revenues increase by way of closing the loopholes, limiting the deductions, limiting the credits, making certain that we lower the tax rates for everybody and broaden the base. that actually gets the economy rolling again so that we can grow the revenue to the federal government by having pro growth policies. the other side of this is the spending. that hasn't been addressed by the president. we wait for the president to be able to put his spending reductions on the table. >> brown: let me ask you to stay on the taxes for a minute. when you talk about revenues not rays, are there enough details there because a lot of budget experts will say that closing loopholes like that won't be enough until we know exactly what those loopholes are. >> what we do know are the rate increases that have been recommended by the president, get enough money to run the federal government for eight days not eight month
>> tax rates going up, having tax rates go up is not wise for the economy. that we have put on the table in our past two budgets are to address tax revenues having revenues increase by way of closing the loopholes, limiting the deductions, limiting the credits, making certain that we lower the tax rates for everybody and broaden the base. that actually gets the economy rolling again so that we can grow the revenue to the federal government by having pro growth policies. the other side of...
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Dec 4, 2012
12/12
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taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan wi
taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask...
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Dec 1, 2012
12/12
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we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the expiration of the tax cuts for the high end. and the american people know that debate, they voted for him. >> warner: still, despite all the tough talk, reporter todd zwillich of wnyc and public radio international says there's more movement behind the scenes than meets the eye. >> there does tend to be a pattern to how big negotiations like this go. the fact that they haven't reached an agreement yet doesn't mean they won't before christmas, doesn't mean they won't before new years. there is a value in doing some public posturing and trying to ge
we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the...
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Dec 1, 2012
12/12
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taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year. >> $82 billion. >> bill: a year? >> per year. >> bill: that's still not -- all right. so, but then to get those tax hikes, what does lou dobbs want as far as spending cuts? >> well, you know, first of all i wouldn't negotiate in the
taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is...
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Nov 28, 2012
11/12
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KTVU
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the fiscal cliff is a combination of tax hikes. democrats want to raise taxes on high income earners but republicans oppose the proposal. >>> stanford researchers say a high tech tool developed in the silican valley can help curve the growth of tuberculosis in prisons. the stanford researchers say the tool can be especially used in prisons in the former soviet union where they say tb is rampant among inmates. >>> the elevated breast cancer risk here in marin county turns out not to do so special. what researchers have discovered around the rest of the bay. >>> back here in 10 minutes we have a wind event coming tomorrow, we have rain coming tomorrow right on the morning commute. i'll time it out with the latest computer model. >>> attacking graffiti with heavier penalties. why a policy change to deter taggers can also hurt area businesses. >>> these lights are about to go up on high wire and it's going to impress the world. >> the pressure that caused a cruise line to back up on their ban of dressing in drag. when i take a picture
the fiscal cliff is a combination of tax hikes. democrats want to raise taxes on high income earners but republicans oppose the proposal. >>> stanford researchers say a high tech tool developed in the silican valley can help curve the growth of tuberculosis in prisons. the stanford researchers say the tool can be especially used in prisons in the former soviet union where they say tb is rampant among inmates. >>> the elevated breast cancer risk here in marin county turns out...
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Nov 29, 2012
11/12
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here in missouri, the state will take about 4% in taxes. in arizona, about 5% this taxes. plus there's the federal taxes that are all involved. but really at the end of the day, who is complaining. when you have so many millions of dollars as a winner, giving the government some of it is no big deal because there's no way one person or even a group people could ever spend this much money in a lifetime. >> kerry reporting from columbia. we'll let you get back on the record to dearborn. >> we'll go find the winner and see what he tells us he'll do with the money. >> maybe he can buy you lunch and replace the $2 that you just threw away. >> that was my lunch money yesterday. i'm hitting you up. >> i'll get you lunch no problem. thank you, sir. >>> so i want you to look at this picture because you are now meeting the republican committee chair men. emphasis on men. made wliselissa harris perry so off on whether gop learned anything from the election. and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at
here in missouri, the state will take about 4% in taxes. in arizona, about 5% this taxes. plus there's the federal taxes that are all involved. but really at the end of the day, who is complaining. when you have so many millions of dollars as a winner, giving the government some of it is no big deal because there's no way one person or even a group people could ever spend this much money in a lifetime. >> kerry reporting from columbia. we'll let you get back on the record to dearborn....
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Nov 30, 2012
11/12
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on the issue of middle class tax cuts republicans want to go forward saying we raised taxes on the middle class. >> but chris, doesn't the white house have to be a little more specific about what's in that $400 billion of medicare cuts? i mean they're trying to smoke out what the republicans are willing to go for, but each side is suspicious, understandably, they will get hammered publicly. >> that's right. and the democrats on the hill and in the white house will tell you, that we don't want to be the face of tax increases and of entitlement cuts. so, they're saying we have a budget here, $400 billion worth of cuts we can start there. if you have a better idea, show it to us. both sides are very, very weary because they understand showing their hand and the ads that would be run if john boehner would say we want these cuts, raise the entitlement age on medicare and hurt granny and grandpa. that's a big problem for republicans and the white house has come out and been the most specific so far. that plan that geithner took to the hill is the most specificity we've seen from either leader a
on the issue of middle class tax cuts republicans want to go forward saying we raised taxes on the middle class. >> but chris, doesn't the white house have to be a little more specific about what's in that $400 billion of medicare cuts? i mean they're trying to smoke out what the republicans are willing to go for, but each side is suspicious, understandably, they will get hammered publicly. >> that's right. and the democrats on the hill and in the white house will tell you, that we...
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Nov 28, 2012
11/12
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CURRENT
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they're for tax changes that would save their companies over $100 billion a year. to take a hard look at the views these ceos are espousing let's bring in bill cohen bloomberg view columnist and author of "money and power" how goldman sachs came to rule the world. and lynn, let me start with you is this campaign to fix the debt just a trojan horse behind which the ceos are trying to implement? things that would be really good for them? >> i think it is. i think they were really hoping some of them that mitt romney might win the election and get some of these things done without them having to go public but now, as we just saw lloyd blankfein and others are going on a public campaign to convince americans we can't afford social safety net programs and they need a windfall and tax breaks. the spirit of giving is a little hard to find among some of them. >> eliot: bill, you have been critical of your former brethren on wall street. you've been rational. you have to admit they're not the best messengers for this right now. >> they're terrible messengers. i don't really
they're for tax changes that would save their companies over $100 billion a year. to take a hard look at the views these ceos are espousing let's bring in bill cohen bloomberg view columnist and author of "money and power" how goldman sachs came to rule the world. and lynn, let me start with you is this campaign to fix the debt just a trojan horse behind which the ceos are trying to implement? things that would be really good for them? >> i think it is. i think they were really...
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Nov 29, 2012
11/12
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CNNW
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to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don't know the difference between talking about stuff and putting it on the table. it seems like senator cornyn sees some difference there. i don't really get it. the hole is not as big as he says it is. we're not going into the hole with a trillion dollar deficit every year, because we're going to grow every year and collect more revenue. and we also see some of these stimulus programs narrowing down a little bit so the hole's not that big and there seems to be more common ground that the senator admits. >> we hope you're right. >> in previous negotiations, it's been put forward but everyone's got to push forward. >> it's easy to race taxes on one group, at of people agree with that, but the bottom line is those entitlement cuts are going to be a lot mor
to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don't know the difference between talking about stuff and putting it on the table. it seems like senator cornyn sees some difference there. i don't...
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Nov 29, 2012
11/12
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one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars, and stopping those automatic cuts. we're off the cliff. and then we get together with goodwill, right in january with the new senate and the new house, and we hammer out the long-range solutions to all this. >> i want to you listen to something that your colleague, pattie murray, from washington state said on alex wagner's show about this fiscal cliff and her attitude toward it. i want to you react to it. >> sure. >> it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea
one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars,...
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every single hour of every single day it was about mitt romney's taxes a lot of people were saying you know what i don't care how much money he makes and that's irrelevant what do you think are the most important points that the american people should be thinking about and that the american media should be talking about when it comes to whoever the next secretary of state is well i mean there's definitely some basic questions of someone's you know intellect their capacity i think she definitely meets those marks you know she's obviously a very talented person she's a very complex person there's been areas where she's been right about like the invasion of iraq she was opposed to it from the beginning and then you know the other questions that are really central that i want to see her pressed on are wanda her whole policy towards africa that's really where she launched her career from as an africa specialist and i would say with regards to the holdings and trans canada and other energy companies she needs to let go of them if she wants to be a credible candidate i think that that's a tot
every single hour of every single day it was about mitt romney's taxes a lot of people were saying you know what i don't care how much money he makes and that's irrelevant what do you think are the most important points that the american people should be thinking about and that the american media should be talking about when it comes to whoever the next secretary of state is well i mean there's definitely some basic questions of someone's you know intellect their capacity i think she definitely...
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Nov 28, 2012
11/12
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as a tactical matter, they feel they don't want to give in on the tax -- the tax cuts only for income below $250 thousand dollars feeling they've lost the leverage to push far deal on entitlements. there are only ten legislative days to work something out here. they seem dug in and unwilling to do what everybody knows they have to do and that's reach a comprehensive deal. >> i'm not totally sold on the idea that the republicans aren't being totally unreasonable. i think i see some signs of reasonableness and i think what they're trying to do is find a way to convince the base, look, we tried. we got pushed in to a corner. we had to raise rates on the highest earners, trying to find a path to, yes, first read talked about this. translation house republicans don't have the upper hand in the negotiations. they will have to grapple with raising rates at least in the short term and cole is giving them a way out of the box short term which is the do on the de-couple on the upper rates and live to fight another day and raising rates and not crushed by the base and kicked out of the d.c. do y
as a tactical matter, they feel they don't want to give in on the tax -- the tax cuts only for income below $250 thousand dollars feeling they've lost the leverage to push far deal on entitlements. there are only ten legislative days to work something out here. they seem dug in and unwilling to do what everybody knows they have to do and that's reach a comprehensive deal. >> i'm not totally sold on the idea that the republicans aren't being totally unreasonable. i think i see some signs...
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Nov 29, 2012
11/12
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taxes by one means or another. so i certainly agree with him on that. and i believe the president has a high degree of resolve about that, too. so i'm all for that. >> the book is "tap dancing to work warren buffett on practically everything" the oracle of omaha. we appreciate you're coming on today. look forward to seeing you soon. >> thank you for having me. >>> two nfl players leaving lucative contracts behind in search of something higher, their story next on "andrea mitchell reports." a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. mu
taxes by one means or another. so i certainly agree with him on that. and i believe the president has a high degree of resolve about that, too. so i'm all for that. >> the book is "tap dancing to work warren buffett on practically everything" the oracle of omaha. we appreciate you're coming on today. look forward to seeing you soon. >> thank you for having me. >>> two nfl players leaving lucative contracts behind in search of something higher, their story next on...
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Dec 3, 2012
12/12
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don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong about this. look i was just with him on friday. he came to my district. was at a business. they are showing some of that video right now. local business in my district that was a toy manufacturer and what they said to the president, what they said to me is we, we make more toys when there's consumer demand. let's make sure that middle class americans have dollars in their pockets, they continue to have confidence as consumers or grow that confidence and that our businesses, large and small respond to that, that they begin to see so stability. this is time when we're calling on speaker boehn
don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong...
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Dec 2, 2012
12/12
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some republicans dessert the new new taxes pledge if that's the only way to make a deal? >> they should not dessert the no new tacks pledge. and hurt the end game for democrats is to have the fiscal clive. it's not something i'm reading tea leaves on. take a look at a new yorker article in the middle of this year by ryan liza. he spoke to a number of obama people and they said unless republicans break the no-tax pledge they want to go into a fiscal cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >> we knew that those w
some republicans dessert the new new taxes pledge if that's the only way to make a deal? >> they should not dessert the no new tacks pledge. and hurt the end game for democrats is to have the fiscal clive. it's not something i'm reading tea leaves on. take a look at a new yorker article in the middle of this year by ryan liza. he spoke to a number of obama people and they said unless republicans break the no-tax pledge they want to go into a fiscal cliff. they believe there will be a...
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Dec 5, 2012
12/12
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, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all of these things. it really never deals with the fumblefundamental problem in our country which is the spending. our problem is not that we're taxed too little, we just continue to spend too much. >> he is asking that the debt ceiling that he has sole control over and how much the debt ceiling can be raised without having to get permission from capitol hill. i mean,
, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change...
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Nov 29, 2012
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the president's idea is raising taxes on income over a quarter million dollars but keeping the bush tax cuts for everybody else. that idea is very popular. 60% support. it is a very popular plan that the president is trying to drum up even more support for now with these campaign style trips. now, on the other side, what the republicans want to do, their plan is to limit deductions, limit tax deductions. that's their plan instead. that, in contrast to the president's proposal, is not popular. more people oppose that idea than support that idea. even republicans hate the republican idea. look at 39% of republicans support the republican proposal. that's before you get to the other part of the republican proposal, something being floated by republican senator bob corker of tennessee, an idea we should raise the eligibility age for medicare. that is a wildly unpopular idea. more people oppose than support that idea by a 37% margin. it is more unpopular among republicans than the general public. republicans have not convinced their own voters let alone the rest of the country. they have not
the president's idea is raising taxes on income over a quarter million dollars but keeping the bush tax cuts for everybody else. that idea is very popular. 60% support. it is a very popular plan that the president is trying to drum up even more support for now with these campaign style trips. now, on the other side, what the republicans want to do, their plan is to limit deductions, limit tax deductions. that's their plan instead. that, in contrast to the president's proposal, is not popular....
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Nov 28, 2012
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his tax cuts were far bigger than his tax increases. and the so-called amnesty in the time of the cold war. a lot of people were fleeing communism in nicaragua and in cuba and even then extremely strict regulations for gaining american citizenship. >> i guess the question i have, and you talk about conservatism, the basis of it, part of it is to be inflexible. >> and that's fine. but i think you wrote at one time, one of the marks of conservatism, these principles, and you have to be inflexible about it. when does pragmatism come in. i'm at 70%? >> i suppose at a time of national crisis and a time of war, doing world war ii we have to set aside certain things. we are not in that situation. these are relatively small problems. the problem with the republican party, as i said before, it's not making the case of its principles which is about less government and more freedom. you see nothing coming from the republican -- >> romney's entire message in the last three months of the campaign. now we could argue that he didn't do a good job the
his tax cuts were far bigger than his tax increases. and the so-called amnesty in the time of the cold war. a lot of people were fleeing communism in nicaragua and in cuba and even then extremely strict regulations for gaining american citizenship. >> i guess the question i have, and you talk about conservatism, the basis of it, part of it is to be inflexible. >> and that's fine. but i think you wrote at one time, one of the marks of conservatism, these principles, and you have to...
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his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton was president. >> the clinton tax rates worked well, and when you look at where we really are today, although the democrats are playing really tough on these top tax rates, they have conceded about 75% of the tax debate to republicans by agreeing with them on all of the otherç rates. >> that is true, aalthough there is a matter of timing. you know, i think part of what you have to look at here is it's really hrepublicans who force this conversation about having deficit reduction right now. we shouldn't
his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton...
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Nov 28, 2012
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i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot, folks. the powerball jackpot. it just so happens to take millions of us buying up tickets to fatten up that jackpot to that big old size. alison kosic is at a 7-eleven in new york basically meeting a few of the wanna-be one percenters. the truth of the matter, what are the odds? >> reporter: i know. i hate to throw cold water on your whole dream statement that you gave. yes this is all about dreams but you know the odds of winning are really low. 175 million to 1. those are your odds. you know what? i can't help but dream, too. i got a ticket here. one ticket, it could be the winning on
i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot,...
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Nov 29, 2012
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of consumers, it's going to hurt the economy so right away you have a low tax good economic rational behind it but there are politics here, too, of course, and that is the republican party just got she lacked in an election and learning that the only way to expand their popularity, expand their base is if they stop being perceived as the party of wealthy white people and start being perceived as more appeal and i think that congressman's statement goes to the fact that we need to separate the tax rates for the top 2% as an issue from the tax rates of everybody else. that's so-cal
agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of...
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Nov 29, 2012
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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by letting the bush tax cuts expire they get trillions of revenue while preserveing tax cuts for the 98%. how can you be except that? >> stephanie: it's so wear to see a moment of naivete from jim. close the door. >> close the door, wow. >> stephanie: karl, before we go, what is your take on this susan rice thing susan collins now expressing that she's also troubled. >> i'm very troubled. >> stephanie: here's what i don't get, wouldn't he be nominated for secretary of defense any way? >> there's been speculation that he would go up for either one of them. i think he would be perfectly godgood at either one of them, but it all comes down to them not liking susan rice and wanting to blame her for things that happened in the 90s too. >> stephanie: she was also responsible for the coal bomb,. >> we need help with women let's go after one. >> stephanie: yes, exactly. karl frisch, you are delightful. i love you. come back. >> any time. >> stephanie: right back on "the stephanie miller show"." governor tomorrow night. she is awesome. we'll be right back on the "stephanie miller show." [ ♪
by letting the bush tax cuts expire they get trillions of revenue while preserveing tax cuts for the 98%. how can you be except that? >> stephanie: it's so wear to see a moment of naivete from jim. close the door. >> close the door, wow. >> stephanie: karl, before we go, what is your take on this susan rice thing susan collins now expressing that she's also troubled. >> i'm very troubled. >> stephanie: here's what i don't get, wouldn't he be nominated for secretary...
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tax rates for the top 2%. they've been as high as 90% in the great depression, so you really have to have perspective here. it's hard to see the republicans making this their sticking point. making this thing that that is the hill that they will die on, is not raising taxes on the top 2%. i think that karen is right, that the white house has everything to gain by keeping the president above this. and on the payroll tax thing, that worked. that employ worked and i think that they're planning on having this work out again. the president is the one making the case to people that his staff is dealing with boehnerth and i think that's the right psychological play and it's the right political negotiating play. >> anna marie cox and karen tumblety. stand by, we're going to talk about grover norquist. by the way, karen, happy belated birthday. >> thank you. >> i hear you celebrated, i heard there was a wild party in d.c. last night. thanks for the invite. >> quick note here, don't know what you're doing with your sund
tax rates for the top 2%. they've been as high as 90% in the great depression, so you really have to have perspective here. it's hard to see the republicans making this their sticking point. making this thing that that is the hill that they will die on, is not raising taxes on the top 2%. i think that karen is right, that the white house has everything to gain by keeping the president above this. and on the payroll tax thing, that worked. that employ worked and i think that they're planning on...
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Nov 28, 2012
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those making less than $250,000 a year, no tax increase for them. we can do it either through the rates or through the deductions in the code, you've given a good illustration. >> and what do you think about that senator warren. durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the rates going back up, you use that baseline and then you work down. you can then use some of these tax reform ideas to bring the rates back down, but you basically, we need, you know, on a ten year basis, more than $1 trillion of net new revenue as we think about some of the additional cuts we're going to have to make and some of the reforms to
those making less than $250,000 a year, no tax increase for them. we can do it either through the rates or through the deductions in the code, you've given a good illustration. >> and what do you think about that senator warren. durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole...
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Nov 29, 2012
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he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near
he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans....
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treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, p
treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a...
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if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from getting the post. saying she misled the public about the attack on the consulate in libya. in mee
if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit....
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that challenge was based on the individual mandate, saying all of us are mandated to pay this tax or have a fine. that was thrown out on a technicality. now the supreme court yesterday said hey, lower court, you should have heard another claim that they brought the university brought, having nothing to do with the mandate, but having to do with forcing this university to provide abortion and contraceptive care. >> bill: the abortion care, that's the after pill that you're talking about? >> the after pill abortion, right. >> bill: all right. so liberty university doesn't want to include that in their insurance to their employees for religious reasons. >> it does not make sense. >> bill: it makes sense to me, but this thank is what the catholic church was arguing. so the supreme court told the lower court, you have to hear this. >> the 4th circuit said this isn't right because it hasn't taken effect yet. it has to be an issue that is present before them. it's not. so now they said, go back and decide it. you should decide it on the merit because the issue is ripe. so now they can't avo
that challenge was based on the individual mandate, saying all of us are mandated to pay this tax or have a fine. that was thrown out on a technicality. now the supreme court yesterday said hey, lower court, you should have heard another claim that they brought the university brought, having nothing to do with the mandate, but having to do with forcing this university to provide abortion and contraceptive care. >> bill: the abortion care, that's the after pill that you're talking about?...
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Nov 29, 2012
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will the liberals vote for anything unless they get a rise in the tax for the top people? >> well, really, i can only speak for myself, chris, but my sense of the caucus is there are strong feelings about protecting entitlements from depredations on the other side and they want to be very clear about the details, but i think there's also a willingness to work with the president and support the president in his leadership in averting the fiscal cliff and i agree with mr. terry, we want to get this done before the end of the year so that we're not roiling markets, not disrupting people's planning for the next calendar year, and we're not having anybody's taxes go up in the middle class. >> let me get the timing right plshtion terry. you're in the majority. are you being advised by your whips there are going ton tough votes right near christmas eve or some coming back after christmas before the 31st in some crazy christmas week chaos? in other words are you being advised the big votes will come before christmas? >> our leadership and our conference has said there hasn't been
will the liberals vote for anything unless they get a rise in the tax for the top people? >> well, really, i can only speak for myself, chris, but my sense of the caucus is there are strong feelings about protecting entitlements from depredations on the other side and they want to be very clear about the details, but i think there's also a willingness to work with the president and support the president in his leadership in averting the fiscal cliff and i agree with mr. terry, we want to...
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we take no tax money. what we operate on, what comes in the door in terms of revenue, stamps and packages. the situation is this. we have two major issues that we're facing. number one volume has dropped. people pay their bills online. we lost about 25% of our volume in the last five years. now our people have done a nice job taking costs to balance that out. the other issue we're faced with is we're required by law to prefund retirement health care for people who haven't retired to the tune of $5.5 billion a year. that's what's hurting us. a volume drop, we've not been able to make this payment. >> you going cut saturday delivery >> we're asking congress to act right now. number one, we need to refinance the payment for the retiree health benefits. we're not asking to get dig out from under, but rather than pay 5.5 billion a year we should pay a billion. second thing we want to eliminate saturday delivery of mail not package, just mail. post offices would be open on saturday. >> why not privatize? >> it's
we take no tax money. what we operate on, what comes in the door in terms of revenue, stamps and packages. the situation is this. we have two major issues that we're facing. number one volume has dropped. people pay their bills online. we lost about 25% of our volume in the last five years. now our people have done a nice job taking costs to balance that out. the other issue we're faced with is we're required by law to prefund retirement health care for people who haven't retired to the tune of...
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cuts for the middle class and allow bush-era tax cuts to expire for the wealthiest americans. republicans say raising taxes on top earners would hurt small businesses and cost jobs. >> we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity her at the end of the year to do something important for the country. >> he has not waited for people to start smelling the jet fumes at national airport. he put forward a plan. >> if congress doesn't compromise the company will plunge into recession. >>> investigators have taken samples from the remains of long-time palestinian leader yasser arafat. eight years after his death, they are trying to determine if he was poisoned. rita nissan on a search for evidence. >> reporter: palestinian leaders laid wreaths outside the west bank grave of yasser arafat after forensic experts exhumed his body. international investigators took samples from his remains to determine if someone poisoned him. >> but now, we will wait for the evidence. >> reporter: arafat died eight years ago at a hospital in france
cuts for the middle class and allow bush-era tax cuts to expire for the wealthiest americans. republicans say raising taxes on top earners would hurt small businesses and cost jobs. >> we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity her at the end of the year to do something important for the country. >> he has not waited for people to start smelling the jet fumes at national airport. he put forward a plan. >> if congress...
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everybody here will see their taxes go up on january 1st. i am assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> president obama warning workers what would happen if congress does nothing to avert the impending fiscal cliff. the president was at the factory of kinex toys. let's get some insight on that visit from someone who was there. michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at th
everybody here will see their taxes go up on january 1st. i am assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> president obama warning workers what would happen if congress does nothing to avert the impending fiscal cliff. the president was at the factory of kinex toys. let's get some insight on that visit from someone who was there. michael is the president and ceo of kinex. >> good morning....